Note 64 — V
Reading edition
In connection with this branch of the question, I wish to draw attention to the fact that Professor Shield Nicholson, in his recent brilliant work, A Project of Empire, has conclusively shown that it is a misapprehension to suppose that Adam Smith, in advocating Free Trade, looked merely to the interests of the consumer, and neglected altogether those of the producer. Mr. Gladstone's statement on this subject, made in 1860, is well known.